Opteck Binary Brokerage Scam Analysis

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Opteck Binary Brokerage Scam Analysis

Opteck is a binary options broker with a bit of a spotty track record. A few of the readers here at binary today use this brokerage and wanted to know my feelings on it.

Today I’ll be providing a review and letting the binary today readers understand if this is a trustworthy brokerage or one that we should stay far away from.

Your Rating: [ratings >

Opteck Review

My initial thoughts on the Opteck brokerage are in the middle-of-the-road. Founded in 2020, this brokerage has certainly has had its shares of ups and downs. In my research I’ve found that there are quite a few complaints from their clients. These complaints are often well written and comprehensive which makes me very skeptical of their services.

Opteck uses the market pulse platform which is well-suited for new traders. They also provide a free e-book which is helpful because it is packed with the binary options trading basics, tutorials and provides access to a demo account. The educational material is useful and well put together. Another positive about this brokerage is that they are regulated by CySEC. The minimum deposit is $250, they provide 50 assets and offer bonuses up to 100%.

Opteck is owned by Centralspot Trading Ltd, located at 6 Vassili Vryonidi Street, Office 304, Limassol, 3095 Cyprus.

Video Review

No matter how much research I do about this brokerage I keep stumbling upon more negative reviews and customer complaints. Many of these complaints strike home with me because they are similar to emails I’ve received from my readers in the past about other binary options brokers. In quite a few of these reviews traders are complaining about account managers mishandling funds, constantly calling for more money and losing large chunks of money in one trading session. Stories like these are commonplace in the binary options market and it’s why I believe traders should not be trusting binary options account managers to trade for them.

Considering the amount of negative feedback I’ve read I can’t recommend Opteck at this point in time. Obviously, negative reviews can be fabricated by competitors and there are always bad customers as well but in this case it’s overwhelming. Normally if I can find a ratio of 50% good and 50% bad then I’m willing to give a brokerage a fair shot but in this case I’m not seeing any positive feedback. If you are using this brokerage for your binary options trading I’d like to hear from you so please leave a comment or question below the article now. Thanks for coming to binary today and please come back soon.

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Opteck Review

Overview

Opteck was founded in 2020 by a team of highly motivated professionals, passionate about trading on the financial global markets and empowering others to follow their lead.

Details

Broker Opteck
Website URL www.opteck.com
Founded In 2020 by CentralSpot Trading LTD
Headquarters Lophitis Business Centre, Office 102, 249, 28th October Street, Limassol, 3035 Cyprus
Support Number +35722007264
Support Types Phone, Online Chat, Email
Languages English, Russian, French, Polish, Italian,Spanish, German, Arabic
Trading Platform Proprietary trading platform
Minimum 1st Deposit $250
Minimum Account Size $25
Maximum Trade Amount $10000
Bonus BONUS UP TO 100%
Payout 65% – 89%
Free Demo Account Open Demo
Regulated
Regulation Cysec (Licence Number: 238/14)
Fees
Fee Info Only for withdrawal 3.5% (min $30 max $3.500)
Commission Info No
Account Types Green, Bronze, Silver, Gold, Platinum, Black
Deposit Methods Visa/Mastercard, Postepay, Skrill, Neteller, Webmoney, QIWI, Bank wire transfer, MoneyBookers, Western Union, iDeal
Withdrawal Methods Visa/Mastercard, Diners, Postepay, Skrill, Neteller, Bank wire transfer, MoneyBookers, Western Union, iDeal
Trading Methods Any trading strategies along with Terms and Conditions
Number of Assets 1000
Expiry Times 30 sec, 60 sec, 2 min, 5 min, 10 min, 30 min, 1 Hour, 3 days, 1 week, 1Month
Types of Assets Indices, Commodities, Currency Pairs, Stocks
Option Types High/Low, Quick Options, Range High/Low, One Touch
Account Currency USD, EUR, GBP
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score 9.5/10

Full Review

Opteck is the undisputed leader in the field of binary options trading. This broker offers to all traders the unlimited trading opportunities: a wide range of the most popular items (more than 100), the lucrative action, a world famous and most quoted indexes currency. Any trader, even a novice, with ease and comfort can begin to trade, invest and implement profitable deals, easily and comfortably, not to mention the experienced professionals.

Trading with Opteck makes a combo of professional earnings and enjoyable hobby. Extremely simple as it is, trading with Opteck turns into the most pleasant and successful time spending. Thanks to precise tools of trade, experienced analysts, financiers, readily available for trading assistance, and many other attractive items that you will plunge into the world of commerce and success.

It is worth noting that this broker offers a free demo account, starting from $ 5,000 – 50 000 $, in the framework of the «Bronze», «Silver», «Gold», «Platinum» and «Black» trades. Trade and practice are necessary to learn the rules and strategies; and all this, without any risk to your assets.

Thanks to the unconditional safety and reliability of Opteck, (a broker that is regulated both by the Cyprus Commission for the Securities and Exchange Commission by CySEC , and the International Commission for the financial services IFSC) thousands of customers enjoy the trade and successful transactions. In addition, it is worth considering that Opteck experts organized an advanced academy where you can learn the necessary skills to apply technical and fundamental analysis and more.

Deposits and withdrawals

Withdrawals in Opteck don’t pose any difficulty. Just keep in mind that the currency in which is the minimum withdrawal amount should correspond to the currency in which you conduct trades. Thus, the output wages will correspond to the original currency trading. In simple words, if you are trading in dollars, the minimum withdrawal amount is $ 50, and for those who trade in pounds sterling £ -50.

To withdraw funds, you should follow these simple steps:

1. Log in to your trading account

2. Click the «withdrawal» to open the inquiry form on the withdrawal of money from an account

3. Select the desired amount and the method of withdrawal of funds, then fill in the other required fields.
Earnings can be derived using the following methods to withdraw funds: credit / debit cards, bank transfer, Skrill (MoneyBookers), CashU, Webmoney, Western Union. The procedure itself takes about 3-5 days.

Complaints about Opteck

The opinions of the Opteck customers and reputation of the firm are the primary factors for the broker to work better and better. Therefore, the company’s experts scrutinize the comments and reviews on Opteck. It should be objective: with any broker, there are some errors. There is always something to strive for and something to work on. Regarding the Opteck, there were a few comments about the withdrawal of funds with a delay of 2-3 days. Do not worry about this occasion, the inconvenience was soon resolved and all customers received the funds in strict accordance with the requested amount. It should also be kept in mind that some cash out methods are instant; You will find more information at the website of the broker.

If we find complaints about Opteck, we will post it on social media. Follow us to be well informed:

Opteck, is this a scam ?

You can be 100% sure of the reliability of the broker; because the company is regulated by both the Cyprus Commission for the Securities and Exchange Commission CySEC, and the International Financial Services Commission IFSC, which provides an unconditional guarantee of the reliability of all procedures and the safety of the withdrawal.

Regulator

The apparent advantage Opteck, compared with other brokers, is the regulation of the most respectable commissions: Commission for the Cyprus Securities and Exchange Commission, CySEC and the International Financial Services Commission IFSC.

Bonuses

On the trading platform Opteck you can benefit from the following bonuses:

1. Awaiting bonus – the bonus will be added to the actual balance of the account after a certain volume of transactions.

2. Current bonus – the bonus money will be made directly to the actual balance of the customer’s account.

3. Bonus «without risk» – will be added to the account of a trader and an unsuccessful turn into a winning deal. The validity of this bonus – 30 days, including weekends.

4. Bonuses from competition – competition winners will receive bonus prizes in cash or as a bonus to their trading accounts.

Summary

Opteck is the most successful broker in trading binary options market. The minimum deposit on your trading platform Opteck – $ 250, while the minimum bet is $ 25.

Conclusion

So, we can say with certainty that the Opteck is the most reliable and secure broker. The platform Opteck you will find many surprises and innovations. The best specialists of the financial market will be more than happy to provide you with their services.

Reviews

beware you could lose your money my account manager did just this to me by giving me bad advise and then still tried to persuade me to go into 10000 debt
rubbish company beware

beware Bad advice by my account manager lost all my money in 5 hours
rubbish

I cannot agree that OPTECK is a good company to trade with… I have not yet traded and ifind them to be a poor on customer support and care… I have been bombarded with cals and pressured into depositing £250 the least I could “invest” now they have flatly refused to refund my money and have lied time after time to me and deflected all my attempts to have my money refunded ,, surely this is fraud?

Be very aware of this company and its partner smartbotpro they do not deliver what they state on their websites in 24hrs a loss of £500 … sent emails to both companies and no reply amazing as Opteck called me at all hours to get my business then go quiet when they have lost all the clients money

OPTEK is a scam, regardless of whatever they tell you it is a scam, you will never get your money back. I opened an account with them few months back and after 1 month I decided it does not work for me, at the beginning they were very nice and friendly with me at the same time constantly asking for more money. When I informed them I decided to give up and that I want my money back suddenly they were unavailable, the manager was on holiday, there was a lengthy process and so many forms to fill up, but of course I should put in more money instead of leaving. I did sent them all forms and proofs required, few months ago, since then never heard back from them. So BEWARE, OPTEK IS INDEED A SCAM.

They might be “legal” and have all the needed licenses. But they are crooks, they are after your money, they drag you in, they would call you 10 times a day to encourage you to deposit more money, then they will give you bad advice and you will lose your money, try to contact the so called account manager and you will not be able to reach them. they will let you cool for a week or so then a “new” account manager” will contact you and give you all different promises of recovering your losses and “working with you” to build a steady and secure profit.. STAY AWAY from them

Opteck indeed is a scam…they are robbery who cheated me twice and still ask me to invest when i lost US$3,500 they are blood sucker i learned a heavy lesson my hard earned moneys NEVER trusted them anymore let the heaven punished them i will curse them to dead

yes indeed you are right your encounter with me the same i am cheated twice very bad advice from them they are crook never trusted them

they are scam….please do not believe them they are a bunch of blood sucker who cheated your hard earned money STOP listen to their advice they gave you wrong advise they are hunting for more money you invested they are LIARS

I am battling to get $3500 back from them. They also do not reply to emails. They phoned me a few times – other than that no response

Why People comments are negative about you Opteck.it given me a fear of trading with you.

This Broker is a huge scam Do not even think about open an account with them. They ask you to put more money “they call it be serious” if you do not put more money they get mad at you and lock your account saying that you lost all your funds. Allan Maxwell locked my account with no reason i lost my money.? Thanks to Joan who assisted me in getting back all my money

Opteck is a scam, I deposited over $56,000 and they blocked my account saying that they I should post certified ID and RV before they can remove restrictions that prevented withdrawing. I Did that and they took months saying they haven’t received the documents giving me endless tickets
They eventually removed the restrictions and when I had to withdraw , they completely blocked my account saying my device logged in with another account when I hadn’t . I reached out to [email protected] a certified binary options recovery expert, he helped me recover all my money back from them

Reliable Opteck Binary Options Broker Review & Scam Check 2020

Opteck Reviews

Summary

To leave review or rating, go to end of the page.

Is Opteck a scam? Well, read this first to find out. In this review we’re going to look at official regulation, trader opinions, demo account, trading platform, bonus offers, withdrawal options and many other aspects to fully check the broker and its performance.

Being around since 2020 now, Opteck has created a very stable and reliable trading platform that is very intuitive and doesn’t require previous experience to quickly learn it. If that’s an issue, there’s a live webinar where traders can learn the basics.

Opteck Pros

Regulated. Opteck market activies are being regulated by multiple third party institutions: Cysec, IFSC and MiFiD. Please note: when choosing a broker, always make sure that it’s regulated.

3 Trades on us. This means that broker is going to cover the costs of your first 3 trades in case they are unsuccessful (up to €650).

Stability and experience. Traders are usually seeking for a reliable partner before investing in the platform. Opteck has been around since 2020 and has developed a very stable and easy to use trading platform.

Variety. Recently Opteck added CFD trading to the platform so now traders can trade CFDs as well as binary options without opening a separate account.

Large list of assets. Comparing to similar brokers, traders are able to choose from a great variety of assets.

Demo account. Before investing real money, traders can select a free demo account and try the platform without risking anything.

High payouts. For standard binaries traders can receive up to 89% profit from a successful deal.

Most popular expiry times. Trade expiry times starting from very quick (30 seconds) to long deals (Up to a month).

Mobile trading available. If you have an account with Opteck you can also trade on mobile device. Both platforms are supported: iOS and Android. Broker application is being nominated as The World’s #1 Trading App.

Education materials. If you’re new to trading, education materials may come handy. On the website you can find eBooks, webinars, video tutorials, weekly sessions with a Senior analyst and more.

Opteck Cons

Profit clearance fee. Broker holds back a small fee from successful trades. Fees are set as follows:

  • €250 or less = €1.50
  • €251 – €500 = €2.00
  • €501 – €1,000 = €3.00
  • €1,001 – €2,500 = €4.00
  • €2,501 or more = €5.00

Account maintenance fee. In order to provide traders with a great service, Opteck charges a monthly account maintenance fee €7.50 which is going to be deducted from your account after the 1st day of the month.

Restricted countries. Traders from the following countries are not accepted: Algeria, Botswana, Canada, Cuba, Iran, Islamic Republic of Iraq, Israel, Korea, Democratic People’s Republic of Libya, Morocco, Nigeria, Palestinian Territory, Occupied Sudan, Syrian Arab Republic (Syria), Tunisia, Turkey, United States of America, Virgin Islands, US and Yemen.

High minimum deposit. When choosing a broker, minimum deposit is one of the things you should look at. If you don’t feel comfortable with a minimum deposit of €250 then you’ll need to look for another option because that’s required to open a real trading account with Opteck.

Opteck Bonus Code 2020

If you don’t have an account with Opteck yet, use the link below to get up to 100% bonus from Opteck. The bonus offered is based on the amount you deposit.

Opteck Platform

The platform usage is very simple and intuitive. It’s filled with various features and comparing to other brokers Opteck has a great advantage that they’ve integrated a CFD trading as well. It’s getting more popular today and traders have more options to choose from in the same platform without opening an additional account.

Selection of assets is very similar to other leading brokers so you won’t feel that something’s missing when looking for options in which asset to invest.

Downside of the platform is that returns from quick options are not that high, however, returns from standard High/Low, Range and One Touch options are very similar to other brokers. We haven’t experienced any issues with the platform and based on our experience it seems to be a reliable platform for trading binary options.

Trading Platform and Option Types

As already mentioned above, the platform has two larger sections: Binary trading and CFD (Contract for difference) trading. It’s very convenient because traders can easily switch between the two.

Binary trading types

Currently the most popular binary option trading types are offered on the platform: Quick Options from as short as 60 seconds per deal, standard High/Low options, Range and One Touch options.

On the platform traders are able to trade stock, currency pairs, indices and commodities.

To get in the market at the right time, Opteck has developed a useful feature called Price Alerts. It notifies traders about great opportunities on the market.

Opteck Account Types

Demo – if you’d like to try the platform first, there’s an option to open a demo account. Comparing to other brokers, there’s no need to deposit anything and you’ll be able to fully test it before making your final decision. Demo accounts are usually given with $10,000 trading balance so you’ll have a plenty of money to play around.

Basic – even though this is the simplest account type on the platform it comes with great features. The minimum amount required is set to $250 but in addition traders receive a welcome bonus as well as get access to Price alerts. The platform is going to notify you about opportunities in the market based on your price criteria.

Bronze – to get the account you’ll be required to deposit at least $1,000 and in addition to Basic account, Bronze account holders receive an intro session with an expert.

Silver, Gold, Platinum and Black – starting from Silver account, account holders receive additional payout percentage on each trade. The better the account the better return. Starting from Gold account traders also receive a private session with a strategic analyst to develop a profitable strategy suitable for your needs. Each account type receives a welcome bonus and it goes up to 100% from your initial deposit.

How to Get Opteck Demo Account?

Platform users can open a Demo account without making a deposit. The account is free and you’ll have a chance to play around with $10,000 virtual money.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:

  • BINOMO
    BINOMO

    2nd place in the ranking!

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